178
178
Jan 14, 2013
01/13
by
CNBC
tv
eye 178
favorite 0
quote 0
president doesn't seem to show the slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and didn't want the country to go over the fiscal cliff. should we have gone over the fiscal cliff, since that was the reality, if, in fact, they would have pushed for spending cuts? >> maria, i'm not about to second guess them. these are very smart people -- >> well, you are second guessing them. this is what this interview is about. >> i just like to state where i believe where we are and what's going to happen. >> okay, what do you think happens? >> so, i think that the -- as a result of the tax increases, we are going to collect substantially less revenues than we thought we would. and that is because the fed
president doesn't seem to show the slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and...
76
76
Jan 14, 2013
01/13
by
CNBC
tv
eye 76
favorite 0
quote 0
and it's interesting that a lot of times you have people who recognize that when it comes to defense spending. some of the same folks who say we got to cut spending or complain that government jobs don't do anything when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. and we shouldn't stop spending on that. let's just make sure we're not spending on those other folks. [ inaudible ] >> look, my hope is that common sense prevails. that's always my -- my preference. and i think that would be the preference of the american people and that's what would be good for the economy. so let me just repeat. if the issue is deficit reduction, getting our deficits sustainable, over time, getting our debt in a sustainable place, then, democrats and republicans in congress will have a partner with me. we can achieve that, and we can achieve it fairly quickly. i mean we know what the numbers are. we know what needs to be done. we know what a balanced approach would take and we've already done probably more than half
and it's interesting that a lot of times you have people who recognize that when it comes to defense spending. some of the same folks who say we got to cut spending or complain that government jobs don't do anything when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. and we shouldn't stop spending on that. let's just make sure we're not spending on those other folks. [ inaudible ] >> look, my hope is...
221
221
Jan 15, 2013
01/13
by
CNBC
tv
eye 221
favorite 0
quote 0
that the politicians are going after, the semiautomatics are the most popular guns bought for self-defense. we need to look at whether these measures are actually going to have an impact or not and a lot of them are just political and are not going to keep our children safer. >> robert costa, we heard from senator joe manchin over the weekend and others. they want a broad base. they said you're not going to get a semiautomatic ban unless you have bettered attention to mental illness and obama today said that the gun lobby people were ginning up fear among americans who otherwise want reform. where is this thing going to play out? >> larry, i just walked over here in the u.s. capitol. the house is now back in session. i spoke with some lawmakers. especially among republican legislator, there's not a clamor to move towards an assault weapon ban, but there's a real discussion about background checks, about limiting the amount of bullets that could be in a magazine. and these are only preliminary discussions. so what president obama did today by talking about an executive order, he is trying t
that the politicians are going after, the semiautomatics are the most popular guns bought for self-defense. we need to look at whether these measures are actually going to have an impact or not and a lot of them are just political and are not going to keep our children safer. >> robert costa, we heard from senator joe manchin over the weekend and others. they want a broad base. they said you're not going to get a semiautomatic ban unless you have bettered attention to mental illness and...
253
253
Jan 15, 2013
01/13
by
CNBC
tv
eye 253
favorite 0
quote 0
can you play that battle at sequester time instead of mindless cuts in defense and non-defense. >> right. >> you can play that game at the continuing resolution which is inside baseball which means you're going to chicken out again and just extend and extend and extend. this game is going to be played for months on end. >> so let's -- >> let me ask you this, senator. >> it does make no sense, and i'm glad you brought up the fiscal cliff deal, because in the fiscal cliff deal they added $4 trillion of new spending, so that's where i want to get your take on. i understand that you don't want to use the debt ceiling debate as -- as any leverage, you know. this is important. this is important for the u.s. as well as the world, so you don't want to use it as leverage, but why is it that it's always about taking off the gloves and fighting over it rather than coming up with real spending cut ideas? we still have not seen spending cut ideas to what we have, the 16.4 trillion or even, you know, projected spending, so where are the spending cut ideas, and when is that going to happen if you don't
can you play that battle at sequester time instead of mindless cuts in defense and non-defense. >> right. >> you can play that game at the continuing resolution which is inside baseball which means you're going to chicken out again and just extend and extend and extend. this game is going to be played for months on end. >> so let's -- >> let me ask you this, senator. >> it does make no sense, and i'm glad you brought up the fiscal cliff deal, because in the fiscal...
431
431
Jan 21, 2013
01/13
by
CNBC
tv
eye 431
favorite 0
quote 0
charles hagel for defense. mr. john kerry, secretary of state. and mr. john brennan of virginia. there you go. >> great. >> well, thank you very much, everybody. [ applause ] >>> we're going to take a quick break here. when we return we'll break down what the next four years will mean for our economy and the united states of america. cnbc's coverage of the second inauguration of barack obama, we'll give you the president. >> no single person can train all the math and science teachers we'll need to equip our children for the future, or builds the roads and research labs that will bring jobs and businesses to our shores. now more than ever we must do these things together as one nation and one people. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ starting at $37,800. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portf
charles hagel for defense. mr. john kerry, secretary of state. and mr. john brennan of virginia. there you go. >> great. >> well, thank you very much, everybody. [ applause ] >>> we're going to take a quick break here. when we return we'll break down what the next four years will mean for our economy and the united states of america. cnbc's coverage of the second inauguration of barack obama, we'll give you the president. >> no single person can train all the math and...
126
126
Jan 14, 2013
01/13
by
CNBC
tv
eye 126
favorite 0
quote 0
they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then say but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. th
they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then...
337
337
Jan 16, 2013
01/13
by
CNBC
tv
eye 337
favorite 0
quote 0
the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth quarter. an out sized beat and the other longer lending, investments and private equity got marked up a fair amount. i think people were expecting that to be a source of upside. the real beat was in compensation. given it's so weighted to the fourth quarter, the beat isn't as big as it looks. the full year ratio for compensation came out to 34%, it was 32% last year. to the extent there's a longer term lower accrual level to be factored in here, earnings are biased up. >> was that politically driven, do you think? >> i think it's a function of a lot of things. i think that -- i think market conditions are probabl
the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth...
139
139
Jan 15, 2013
01/13
by
CNBC
tv
eye 139
favorite 0
quote 0
it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> the top spot at sirius satellite radio in 2004, left the company about a month ago. during his time as ceo, the subscribers jumped to 23 million. and avoided a very close call with bankruptcy in 2009, when john malone's liberty media injected $530 million in return for 40% stake. that stake now just under 50%. one key reason mr. karmazin stepped down. we're joined by mel karmazin, first interview since he retired. but he hasn't really retired. am i going
it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from...